Big move in pipeline for Westwood

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Westwood Pipelines, a supplier of polyethylene pipes to the utilities and construction industries, is set to build a new headquarters and factory after borrowing £1.7million from HSBC.

The Doncaster company, founded in 2005, has bought a former roof tile factory and surrounding land on the Sandtoft Industrial Estate. It plans to redevelop the 20,000 sq ft property - empty for the past 20 years - to create a modern base.

Westwood is creating five new jobs, bringing staff numbers to 19, with plans to add a further eight over the next two years.

Work on the site, on a former World War Two airfield, will start this month. The company expects to move in at the start of 2015.

Chief executive Steve Brewer said: “We work with a lot of utility companies and under the terms of our contract, we have to hold a certain level of stock.

“The support from HSBC enables us to develop the physical space to actually store it and gives us the financial flexibility to hold more, which means we can bid for new contracts.

“We are also seeing demand increasing from our construction customers, so now is a good time to invest.”

The finance package includes a commercial mortgage, development finance and invoice finance.